IVV vs PDBC
iShares Core S&P 500 ETF vs Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
Quick Verdict
IVV has a lower expense ratio. PDBC delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | PDBC | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.59% | |
| AUM | $865.2B | $6.3B | |
| Dividend Yield | 1.09% | 3.20% | |
| Holdings | 508 | 54 | |
| YTD Return | +13.72% | +35.32% | |
| 1Y Return | +21.64% | +43.70% | |
| 3Y Return (annualized) | +21.55% | +11.76% | |
| 5Y Return (annualized) | +13.27% | +12.13% | |
| Volatility (annualized) | 15.1% | 17.3% | |
| Max Drawdown | -56.5% | -49.5% | |
| Fund Family | iShares by BlackRock (US) | Invesco (US) | |
| Category | Equity | Commodity | |
| Inception | May 15, 2000 | Nov 7, 2014 |
IVV vs PDBC Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) is a ETF from Invesco (US). Over the past year IVV returned +21.64% while PDBC returned +43.70%. Year to date, IVV is up 13.72% versus a gain of 35.32% for PDBC.
Over three years, IVV compounded at +21.55% per year against +11.76% for PDBC; over five years the annualized figures are +13.27% and +12.13% respectively. Across the full 12-year window we track, IVV has the edge at +7.04% annualized vs +4.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PDBC has been the more volatile fund, with annualized monthly volatility of 17.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -49.5% for PDBC. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while PDBC charges 0.59%. On a $10,000 position that is $3 vs $59 annually, a gap of $56 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.20% for PDBC.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, IVV or PDBC?
IVV has an expense ratio of 0.03% while PDBC charges 0.59%. IVV is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, IVV or PDBC?
Over the past year IVV returned +21.64% vs +43.70% for PDBC, so PDBC leads on 1-year performance. Over the longest common window we track (12 years), IVV annualized +7.04% vs +4.05% for PDBC. Past performance does not guarantee future results.
Which is riskier, IVV or PDBC?
PDBC has been the more volatile fund at 17.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PDBC -49.5%.
Should I hold both IVV and PDBC?
IVV and PDBC have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PDBC?
IVV and PDBC share 2 common holdings with a 0.3% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, IVV or PDBC?
IVV yields 1.09% while PDBC yields 3.20%, so PDBC currently pays the higher dividend yield.
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